BREAKING! Yuga To Delegate 6.5M APE to MBA Holders

Could you please explain how you believe they can be “involved” without being “directly involved”, and what the context of that is?

The point of my missive is that, aside from most (yes - I checked) of the MBA projects being rebranded crap, what benefit does this bring to the DAO community by putting a 6.5M voting wallet in the hands of the few - most of whom don’t give a toss about the DAO community in the first place? Make it make sense. How does that 1) not send the wrong message? 2) fly in the face of the engaged community, who, by and large, are the ones keeping this on-going slo-mo train wreck alive?

I get all that.

The issue is that when you create a segregated and consequential tier-based system within a community, you end up creating dissent (even if it’s not publicly voiced) and inequality. The very same on-going fight about whale wallets funding grifts, allowing the pillaging of the treasury etc.

My point being, there are about 400 MBA holders, with a few still waiting to sign-up having bought assets at the floor bottom (go figure). Regardless, as we will clearly see once that wallet becomes active, most of those holders have never been a part of this community. That’s been the whole point of this missive that putting such a responsibility in the hands of a few people sends the wrong message. Especially since the very charter of this DAO is that all you needed to be a part of this (whatever this is now), you only needed to hold 1 $ape. That’s it. Nothing else. And now, we have a tier system whereby MBA holders - also DAO members - are now 1 of 3 large voting wallets. HOW is that FAIR and EQUITABLE to the community? Explain that to me like I’m ten years old.

FYI. Little known fact. I owned two Apes - there are few people here who know about them, when I sold them etc. I never - ever - had them as my PFP (opting for other less NFTs which I own) because not only did I not want to stand out or seen to be promoting any particular brand, as a notable gamer and game dev, I wanted to be free to engage with all the communities that I am a part of - equally - without running around with an ugly Ape PFP with an elitist superiority complex that some Apes tend to have a flare for. I personally know several people - right here in this community - who also own Apes but never use them as their PFP, nor applied for MBA license. My point being, anyone can buy/own and Ape, but opt out of the whole scene. The singular point here is that, just like how some people opt out of religious and political discussions whereby you would never know their leanings etc. emblems are identifiers that go beyond the socioeconomic notion that is ascribed to identity. But generally speaking most people just aren’t smart enough to actually think that deeply into things and the consequence of same. That’s how you end up in a cult.

As I said, while I welcome the idea of a 6.5M voting wallet to help balance the voting etc. I believe that the end result simply isn’t going to work out as planned because, guess what, when it comes to our community, hubris is infectious and is a helluva drug.

By not making this wallet accessible to the entire ApeCoin community as my AIP-474: Delegated ApeCoin Community Voting Wallet proposal was designed to do, it causes more harm than good. It’s interesting to me that all the opponents of my proposal as well as Gerry’s AIP-489: Restoring Balance proposal, are suddenly supportive (both in public and in private) of this MBA voting wallet. And my guess is that’s because they are current or future MBA holders who now get to wield some power over the DAO’s voting process. But yet still nobody seems to have an issue with any of this until some point in the future when it all goes pear-shaped - as I fully expect that it will, given past trends - then they’re going to pretend like they weren’t a part of it from the start.

Every single MBA holder should be clamoring for Yuga to make this wallet accessible as a voting wallet that’s for the entire DAO community. It’s not hard to do because other communities, including Mocas, have done it.

This is complete bs - and anyone trying to [blindly] defend it doesn’t actually care about the community writ large.

Right now, my goal is to see my proposals complete their track, then I’m gone. For good this time. I’ve had enough.

2 Likes